HomeCryptocurrencyThanks to the listing on Coinbase, the little-known altcoin soared by 100%

Thanks to the listing on Coinbase, the little-known altcoin soared by 100%

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Biconomy

After listing on the popular Coinbase Pro trading platform, the Biconomy token (BICO) rate skyrocketed

BICO is an created on the basis of Ethereum, which ensures the operation of the Biconomy network, which aims at budget interaction of users with any decentralized applications (dApps) in several blockchains. BICO can be used to pay network commissions, as well as as a voting tool regarding updates.

According to the information on the project’s website, Biconomy aims to solve several logistical problems in order to increase the pace of Web 3.0 implementation:

“Today, Web3 applications face serious obstacles to implementation, as the process of attracting users and transaction mechanisms are simply terrible. In the case of transactions, there are several problems: the requirement to pay a gas commission every time you use the application, the lack of ETH to pay commissions, unwillingness to spend ETH. New users have a rather complicated learning process, as knowledge of some technical aspects of the operation is required, for example, experience using MetaMask. The goal of Biconomy is to simplify transactions by hiding technical difficulties and nuances from the user’s eyes”

The news about the listing raised the BICO rate from $6.49 to $9.82 in a matter of minutes. A little later, the BICO rate exceeded $ 12, that is, the growth was almost 100%.

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Biconomy already has a number of impressive partnerships, including with BainCapital Ventures, Mechanism Capital and Huobi Ventures. The BICO token is not yet available on the platform Coinbase.com or in the Coinbase mobile app.

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